A purchase credit card enables you to purchase high-cost items upfront and then pay off the balance over a period of time agreed with the lender, often with 0% interest. Providing that you pay the balance in full by the end of this 0% period, the credit card will not cost you any additional fees. However, if you do not make payments on time, you will usually be charged just £12 and your 0% interest rate will be withdrawn and put onto a standard rate.
Any items that run in the few hundreds or thousands of pounds can be put on a purchase credit card, giving you a bit longer to pay them off. Some providers include credit cards with air miles such as American Express, helping your spend go towards future flights or other travel benefits.
Common large purchases include:
Most purchase credit cards are 0% interest during the introductory period, meaning that you pay absolutely nothing for using the card, providing that you make the full repayment on time. However, once the introductory offer ends, you will be placed on the standard rate which can be higher – so keeping an eye on the interest rate is key.
Once the introductory offer ends, you can look at moving the debt onto a balance transfer credit card, which can also be 0% for a certain period.
We aim to be as approachable as possible for our customers, and will always do our very best to assist you with any and all queries you may have concerning any part of our application process and more.
Our online application only takes minutes to complete, with decisions being made very quickly after this. A member of staff will contact you to help you proceed with the final steps.
Each and every one of the providers we work with are fully checked to ensure their reputability, their trustworthiness, and furthermore their competency in helping to provide you with the financial services you require.
The Proper Finance comparison site is free to use and there are no upfront fees for filling in our online application.
This refers to any items paid for online or in a shop. For example: weekly food shopping, a holiday or a car.
Yes, each month you will need to make a minimum repayment, but you will not be charged interest during the 0% period. If you do not make this monthly repayment, you will pay a fee of £12, and you could have the 0% deal revoked.
This will be stated by the provider once you have applied and you have been approved for a card. The exact credit limit depends on your individual circumstances including your monthly income, other existing debts and credit history.
Yes, you can request for your credit limit to be changed. Sometimes this will be an instant response or take a few days. Sometimes the credit card provider will recommend a credit limit increase for you.
It can take up to 10 days for the new card to arrive once you have been approved.